Citadel Rehires Yeh To Lead Quantitative Division

Mar 28 2017 | 10:22pm ET

Former Citadel quantitative division chief James Yeh is returning to the Chicago-based money manager after a four-year break.

Yeh will replace the unit’s current head, Jonathan Graham, who is retiring from the $26 billion hedge fund manager and plans to take a break from finance, according to the company. Graham, who replaced Yeh in 2013, will reportedly leave after a transition period of a few weeks. 

Yeh originally joined Citadel in 1993 after earning a doctorate in physics at UC Berkeley. He was heavily involved in the creation of Citadel’s quantitative strategies in the mid-1990s, and was leader of the unit when he departed the firm. 

Now back at the company, Yeh will not only have responsibility for his old quant division, but also quantitative research and Citadel’s global trading groups, according to Reuters.

Founded by Ken Griffin in 1990 with $4.6 million, Citadel has subsequently grown into a global multi-strategy investment powerhouse that manages more than $26 billion in assets. The company operates within five primary strategies, including fixed income and macro, equities, credit, commodities and global quantitative. 

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